Chinese importers will have to receive licenses and quotas from China’s Ministry of Ecology and Environment for certain scrap metal imports, according to Reuters.
As of July 1, the ministry will start accepting requests for import licenses, while the import quota volume has not been disclosed. As of the same date, imports of eight scrap grades including copper, aluminum and steel will be restricted.
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Global long steel market mostly unstable despite supply-demand equilibrium
A balance has been maintained between supply and demand in the global long steel products market, but it is still difficult to transact business globally. However, shorter-distance regional business is good. The global market can be described as mostly unstable, with only a few exceptions.
Absence of Chinese still provides support for the rest of the world
We have to take into... Read More

The 80th meeting of IREPAS (International Rebar Exporters and Producers Association) was held in Barcelona, Spain on April 7-9, 2019. There were 132 producer representatives among the 416 registered delegates from a total of 48 different countries. There were also 70 registrations representing 40 different raw material suppliers.
At the opening of the conference Murat Cebecioglu, chairman of IREPAS, said that IREPAS firmly believes in, has supported... Read More

The Ukrainian parliament (Rada) has announced that Ukraine’s president Mr.Petro Poroshenko has approved the bill to increase the export duty on steel scrap from €42/mt to €58/mt for two years until 2021. In early March, the Ukrainian parliament had approved the bill to increase the export duty on scrap, though it revoked it in the following days.
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Positive mood prevails in global long steel products market despite virus of protectionism
The global long steel products market is currently in a positive mood amid good demand worldwide. Had there not been protectionist actions like additional tariffs, quotas or safeguard measures, the global business scenario would be much better. Protectionism is like a virus, expanding and hurting the international trade environment as we knew it.
Canada and... Read More

The Ukrainian parliament has revoked the bill increasing the export duty on scrap from €42/mt to €58/mt for a period of two years, according to local media sources. The parliament said that higher export duty on scrap would defend the interests of some market participants, while ignoring those of others.
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The Ukrainian parliament has approved a bill to increase the export duty on scrap from €42/mt to €58/mt for a period of two years. In May 2018, the export duty rose from €30/mt to €42/mt for only one year.
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Price levels improve in global long steel products market despite uncertainties
Prices in the global long steel products market are better compared to our last report, though there is a certain degree of uncertainty regarding how sustainable the current price levels are. The situation has gotten worse generally in terms of demand and supply, as there seems to be a general worsening of expectations and the numbers coming in do not bode well.
Brazilian... Read More

Is globalization of the world’s long steel products market now at an end?
The global long steel products market is heading towards a more complicated and difficult period as the globalization of the steel business is being rewound amid a clash between liberal and protectionist trade policies that are somehow tied to political ups and downs between world leaders. It seems that global business will be relatively quiet as long as protective measures... Read More

Global long steel market facing many unknowns amid protectionism and price corrections
There is huge uncertainty in the global long steel products market as there are a lot of unknowns against the backdrop of protectionist measures and price corrections.
US-China ceasefire may reduce volatility in international market
The trade dispute between the US and China has been kicked down the road for another 90 days. The ceasefire in the trade war between... Read More